Sunday, May 25, 2025

Reality check for Carvana exec Ernie Garcia

 
Top headline:  New York Times, 5/13/2025
Bottom headline:  Car and Driver, 4/1/2025

David Gluckman reports in Car and Driver:
While it won't solve any real or perceived trade issues, a rise in used-car prices will affect prospective buyers and the economy at large, which is already dealing with price inflation. Unlike many questions surrounding this raft of tariffs, the effect of climbing new-car prices on used values comes down to simple supply and demand: If there are fewer new cars at affordable price points, buyers will gravitate toward the "lightly used" market, creating more demand for that somewhat fixed supply.
 
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March 2025
Hire a clown, expect a circus:  Trump Treasury secretary Scott Bessent (net worth: $521 million) sez “access to cheap goods is not the essence of the American dream"   (3/31)
Trump lackey Peter Navarro sez, "Trust in Trump."  Best not to take any advice from this clown..  (3/31)
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